Gearing up for an Asian rally
Global foreign exchange markets remain focused on three key factors: global recession risk; massive fiscal and monetary stimulus by policy-makers; and bad news outside the US. In recent months, global business and consumer confidence indicators have deteriorated sharply and global trade has collapsed in the aftermath of the severe market panic in October/November 2008. At some stage, lower energy prices and the extraordinary policy response by key policy-makers should halt the collapse in
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